Edge Capital Group LLC Has $581,000 Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Edge Capital Group LLC boosted its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 95.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,178 shares of the company’s stock after acquiring an additional 12,813 shares during the quarter. Edge Capital Group LLC’s holdings in Atlas Energy Solutions were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AESI. Global Retirement Partners LLC lifted its stake in Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after purchasing an additional 1,276 shares during the last quarter. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions in the 3rd quarter valued at $48,000. FMR LLC boosted its holdings in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after acquiring an additional 1,355 shares in the last quarter. CWM LLC boosted its holdings in shares of Atlas Energy Solutions by 47.1% during the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after acquiring an additional 2,043 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Bank of America reiterated a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They issued a “neutral” rating and a $23.00 price target for the company. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $22.55, for a total value of $193,276.05. Following the completion of the sale, the insider now directly owns 917,604 shares of the company’s stock, valued at $20,691,970.20. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the transaction, the insider now owns 409,510 shares in the company, valued at approximately $9,488,346.70. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,071 shares of company stock valued at $1,773,251 in the last quarter. 24.34% of the stock is currently owned by company insiders.

Atlas Energy Solutions Price Performance

AESI stock opened at $20.64 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 26.12 and a beta of 1.03. The company’s fifty day simple moving average is $22.51 and its 200 day simple moving average is $21.69. Atlas Energy Solutions Inc. has a 12-month low of $17.49 and a 12-month high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. On average, analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio is presently 126.58%.

About Atlas Energy Solutions

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.